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Indian Government Targets Global Firms For Manufacturing Battery Locally, Says Reports

In an attempt to establish a domestic supply chain, the Indian government is planning to pitch with global firms. Companies like Samsung, Tesla, LG Energy have been encouraged to invest in local manufacturing. One of the government officials said that India is going to host five road shows next month in order to convince them. These road shows would be organized in countries like the United States, Germany, France, South Korea, and Japan. Hesitance among global firms India intends to invest $4.6 billion in incentives to firms, to encourage them to set up better manufacturing facilities here. Tesla, Samsung, and LG Energy are among the list of invited companies. The other companies include Northvolt, Panasonic, and Toshiba. Some local players in the sector like Reliance Industr...

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